Board-Macroeconomics

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Think of items that you have purchased in a market:
Big ticket items like a house, or an apartment rental, or a car;
Or ordinary items in your weekly budget, like coffee, tea, gasoline, bread, Milk, etc.

You can consider some of the following questions in your contribution.
What price trends have you noticed over the last few years? Do the prices fluctuate? Have prices increased or decreased?
How would you use what you have learned concerning Supply and Demand to explain these trends?
Have there ever been any shortages or surpluses? How would you explain that?

Sample Solution

preferred behaviour of the situation the consequence is maximum group performance and satisfaction. However, if the group are not performing and achieving goals or are not satisfied or both, then the leader is able to amend their actual behaviour to improve this. Leaders able to monitor performance and satisfaction, and understand what is required to amend the situation will achieve optimum group performance in Chelladurai’s model.
The one limitation of Chealldurai’s model is that it assumes the leader is in a position of complete positional power over the group, and can implement any leadership style of their choosing without constraints. Positional power is the authority and influence a leader has over a group, if the leader has positional power, they will be able to implement the leadership style they best see fit for the situation. Positional power cannot be measured or quantified, making it highly ambiguous and hard for a leader to understand whether they have it or how then can gain it. It becomes the responsibility of the organisation to have policies in place to provide leaders with some positional power, usually by establishing a clear hierarchal structure. By establishing a hierarchy, the leader is perceived by the group to be able to make demands and expect compliance from them giving the leader legitimate power (French and Raven, 1959). Secondly, by providing the leader with the ability to reward compliance and punish non compliance from the group, the leader has reward and coercive power (French and Raven, 1959). To obtain complete power

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